Andy Brosig/News-Sun Energy production is big business in New Mexico. That was the word from Greg Bloom, assistant commissioner for mineral resources from the New Mexico State Land Office, speaking Wednesday before the state legislature’s Economic Development and Policy Interim Committee on the CTECH campus in Hobbs. “I don’t want to bury the big news,” Bloom said right at the …

Curtis Wynn/News-Sun LOVINGTON — While the value of taxable property in Lea County more than doubled last year, the tax rates have stayed much the same and the oilfield will pick up the tab — most of it. At the request of County Tax Assessor Sharla Kennedy, and in compliance with state law, the Lea County Commission on Thursday certified …

By JANET McCONNAUGHEY and MATTHEW BROWN Associated Press NEW ORLEANS (AP) — President Joe Biden’s administration on Friday proposed up to 10 oil and gas lease sales in the Gulf of Mexico and one off the Alaska coast over the next five years — going against the Democrat’s climate promises but scaling back a Trump-era plan that called for dozens …

By STAN CHOE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Technology companies led stocks broadly higher on Wall Street Tuesday, as oil prices slid sharply for the second day and inflation worries ebbed. The market rally came a day ahead of the Federal Reserve’s highly anticipated interest rate policy update. The S&P 500 rose 2.1%, ending a …

ALBUQUERQUE (AP) — New Mexico regulators started deliberations Thursday on another set of rules proposed by Gov. Michelle Lujan Grisham’s administration to crack down on pollution across the oil and natural gas sector. Their discussions came amid a rekindled national debate over domestic production as concerns grow over instability in the global energy market. The proposal before the state Environmental …

Over the course of the last two weeks, oil prices have hit above $80 a barrel, a far cry from the negative territory where oil was selling nearly a year and a half ago. The seven year high is being driven by a resurgence in demand around the world as economies recover from COVID-19 restrictions and shutdowns and OPEC keeping …

ALBUQUERQUE (AP) — A group of powerful New Mexico lawmakers is questioning whether state environment officials have done enough to weigh the potential economic effects of a proposal to cut smog-causing pollution across the oil and gas industry. Leaders of the Legislative Finance Committee sent a letter last week to state Environment Secretary James Kenney, saying the rules would have …

ALBUQUERQUE (AP) — A group of powerful New Mexico lawmakers is questioning whether state environment officials have done enough to weigh the potential economic effects of a proposal to cut smog-causing pollution across the oil and gas industry. Leaders of the Legislative Finance Committee sent a letter last week to state Environment Secretary James Kenney, saying the rules would have …

U.S. Sen. Ben Ray Lujan’s $4.7 billion proposal would plug abandoned wells, including 700 in New Mexico U.S. Sen. Ben Ray Luján, D-N.M., toured various well sites in Lea County on Tuesday hoping to get a complete picture of what new legislation sponsored by him would mean to New Mexicans. The Democratic senator is co-sponsor of the Revive Economic Growth …

BILLINGS, Mont. (AP) — A bitterly divided U.S. Senate panel deadlocked Thursday on President Joe Biden’s pick to oversee vast government-owned lands in the West, as Democrats united behind a nominee whose credibility was assailed by Republicans over her links to a 1989 environmental sabotage case. The 10-10 tie in the Senate Energy and Natural Resources Committee sets up a …